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of congressman demint. >> republican congresswoman diane black will join me. president obama's approval rating jumps to any highs, his best in three years. where does congress rank? you might not be surprised on that one. and forbes unveils its most powerful list. who comes out on top. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ male announcer ] taste it and describe the indescribable. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or mo
. >> so are you saying, then, for pr purposes that they should give into obama on the tax rate in. >> not exactly. well, yeah, i guess i am. >> ka pit late to obama who is -- we don't have a revenue problem, ann. >> we lost the election, shawn. >> i can't believe i'm saying this, but ann coultter is right. they lost. the question may now be when, not if, the republicans will cave on taxes. joining me now is dana milbank, columnist for "the washington post." he's writing about the republicans waving tax hikes and cynthia tucker and visiting professor of journalism at the university of georgia. thanks to both of you for being here tonight. >> hi, reverend. >> good to be here, reverend. >> dana, are republicans really ready to cave? >> well, reverend, first of all, terrific particular to see you and ann coulter on the same page. they've caved already. they have said, we're going to agree to an $800 billion tax increase. it's entirely possible that they are going to go off the cliff any way. it doesn't mean that a deal is imminent. it basically means that they surrender. they used to
with president barack obama to raise rates on the rich that extend tax cuts for income below $250,000. with congress scrambling to avert the series of tax inincreasing and spending cuts due to cut in, should approve a deal ensuring that $98% of americans do not suffer a tax increase that endangers the economic recovery. that's from the national journal this morning. this is from the hill newspaper. that's where you lose us because we want to strengthen these programs, not let them die on the vine. again, that's from "the hill" newspaper. dixie is a republican in clinton, mississippi. what do you think? caller: good morning and thank you for taking my call. i think it is a surprise to me, and i cannot help but wonder why all the talk about increasing taxes, making cuts, and we need cuts, why the welfare is never addressed. we have people who are living like millionaires from welfare. they get free food, they get free housing, they get free schooling, they get -- the children get lunches two times a day at school. and they get all kind of benefits, but nothing is ever said about cut
in a news conference last month obama suggested he might let the top rate rise to levels somewhat lower than a 39.6%. that's the washington post this morning. below that, governors say the fiscal cliff would hurt their states' economies. several governors met at the white house yesterday and with political leaders to say something needs to be done or their economies and on the state level will be heard. -- be hurt. let's go to walter in new jersey, independent caller. good morning. caller: good morning. i don't know what's wrong with these people, because they have to come to some kind of agreement. the gop has to give ground, taxes wouldybody's go up just to save 2%. it just does not cut it. it is a bad move politically and bad for the country. host: polloi in johnsonville, virginia. -- floyd. caller: i was thinking about the fiscal cliff. i don't think that's the problem at. the problem is when we fell off the moral cliff. our president said gay marriage was ok. and america killing so many babies. side,e get back on god's everything else will take care of itself. that's the way it is. a gu
rate? >> no exactly -- well, yeah, i guess i am. >> you're saying capitulate to obama -- we don't have a revenue problem, ann. >> we lost the election, sean. >> well, the fact is, sean, we do have a revenue problem. 15% of gdp going to revenue. republicans on the right should at least pay for what they spend on. at least pay for the guns and ammo. the louisiana governor bobby jindal wants to make -- he's not blind to reality. he writes in today's politico, any reading of the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for seniors. it may be possible to have worse political positioning than that, but i'm not so sure how. your thoughts, chris. do you conform to the thinking here of our smartest possible colleague here, chuck, that this is something that the president realizes is a true cliff, you don't want to go over it, and he will recognize a good deal if he sees it before christmas and take it? >> sure. yes, i do agree with chuck. i would say two things. one, with the cliff and the president acknowledging it's a real thing
. president obama's insistence that any deal include higher tax rates for high-income earners. we asked wyatt andrews to tell us how that might affect small businesses. >> so we need a couple of boxes for these. >> reporter: kevin green owns two flower and gift shops in alexandria, virginia, and he says raising taxes on the wealthy won't just hurt him. it will hurt his workers and the economy. >> all you do is reduce the capital available for investment and employment. >> reporter: small business owners typically report business income on their personal taxes. in a good year, green's income will exceed $250,000, making him one of the taxpayers the president says should pay more. in his case, an estimated $8,000 more. what's the economic downside to asking eight more thousand dollars for you? >> i don't have $8,000 to spend on those employees or that inventory or the business that draws customers. >> reporter: by congressional estimates there are some 941,000 high-income small businesses. the president says that number includes truly rich small firms like hedge funds, but when republicans argu
want to change. there are two top rates. the 33 and the 35. under the obama plan, the 33 would go to 36, the 35 would go to 39.6. you know, if you're trying to negotiate a compromise, you can start to play with each one of those numbers and try to find something. the huge problem for the republicans on doing that is they're opposed to any kind of tax increase on principle. so it's very hard for them to go into the negotiations that way and say, well, we could live with 37. well, if you do that, you have violated everything you've said about what you stand for prior to that. min i mean, the easier way for boehner to handle this is to allow if not secretly encourage a vote to occur in the house on the senate bill. if boehner were to allow a couple of dozen of his people it to go sign the discharge petition so that that comes to a vote and it comes to a vote without boehner having his fingerprints on it, allowing some republicans to go over there and just vote for that, that's the cleanest way to get it done and violates the fewest principles of other republicans who otherwise had to cast
to draft such a plan to compromise on a tax rate above 35% but below 39.2% unless the white house agreed to a tax revenue target well below the $1.6 trillion obama has demanded over the next decade. hello. open door anybody? that door on rates is clearly not entirely shut on the republican side nor on the president's side. "the post" lays out a scenario in which the house could adopt two competing bills, one extending the bush rates for everyone including the wealthy. the other extending the bush rates just for those making less than $250,000 a year. it gives republicans the opportunity to vote on both bills. both bills would then go to the senate. which would just pass the middle class tax cut bill or the house would end up passing what the senate already passed and that other bill just goes to die. so with it looking less and less likely washington will go over the cliff, that's gone. here are the real questions now. one, how big a deal will the parties make before the end of the year? two, have republicans stumbled into what could be political leverage at least in the short term? if a
. >>> president obama's expected to travel to detroit on monday to push his proposal for raising tax rates on the wealthiest americans. the trip is part of his effort to get republicans to drop their opposition to increasing rates on the top 2%. meanwhile, house speaker john boehner challenged the president today to come up with a plan that can pass both houses of congress. >>> a new york man accused of shoving a stranger in front of a subway train is now charged with murder. the case has horrified people all over the world. >> the man who snapped a photo of the victim seconds before he was killed is defending himself. nbc's chris clackum explains why the photographer says he couldn't help the victim. >> reporter: the man new york city police took into custody tuesday made his first court appearance wednesday. 30-year-old davis is charged with second-degree murder. and he's believed to be the man on the right arguing with another man before pushing him into the path of an oncoming subway train monday. >> it was horrifying. it was terrible. >> reporter: but there's also outrage over the "ne
.5% or so top rate that president obama wants to return to which we paid under clinton is very, very popular. republicans should ought not fall on that sword. the democrats are ed e ready to endorse 98% of the hated bush tax cuts. i would call that a win and toss the other 2% overboard. >> there's also a lot of talk here in washington, has been for a couple weeks about false confidence. the false confidence that happened at the end of the election there. the mitt romney people pretty much told a lot of us they were confident it was going to be a long night and that they would win. i want to read you something from the new republic about team romney's internal polling. says the biggest flaw in their polling was the failure to predict the demographic composition of the electorate. the people who showed up to vote on november 6 were younger and less white than team romney anticipated and far more democratic as a result. so i want to ask you, erick, is this sort of a misunderstanding generally that republicans have to address the next time they go into an election about who the voters are going
to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following the mayor's lead on several issues. it was evident last night during a 13-hour meeting. the council voted against several bills. matt has more. >> reporter: the mayor appears to be concerned about the budget when it comes to a number of bills passed by the council yesterday and one thing that could put a hole is the plan by the council to lower speed camera fines. it passed last night and even though the mayor said the cameras are about safety, not mean, they generate a lot -- not money, they generate a lot of revenue and they could be close to $100 million the nex
obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow, robert van order looks at the mortgage loan forgiveness. then bradford fitch discuss this orientation session for congress. members- elect in congress. after that, a member of the autistic self advocacy network on being an adult with autism, and the federal role supporting autistic adults and children. washington journal, live saturday at 7:00 a.m. eastern, on c-span. coming up, we will hear about the syrian civil war from a spokesman with the national coalition for a position, followed by a look at how the white house and c
show" from new york. president obama has john boehner boxed in and is done playing games. now it's getting good. this is "the ed show." let's get to work. >> let's allow higher rates to go up for the top 2%. that includes all of you. >> the president holds the line on taxes and draws the line on the debt ceiling. >> i will not play that game. >> tonight, democratic whip steny hoyer gives me the latest fiscal cliff developments and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonight. plus, senator barbara boxer on her new plan for national polling place standards. and a new poll shows half of all republicans think the defunct group a.c.o.r.n. stole the election from
and egypt as we take it up with the a-team. the so-called fiscal cliff is really all about the obama ultimate may tum. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. lou: president's ultimatum and his insistence on higher taxes may take us over the cliff. chris and steven next. the next scott walker? michigan's republican governor ready to do political battle with organized labor in his state. what about a right to work law? straight ahead. the boys use capital one venture miles for thr annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. buwith the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is no
the sequestration hanging over our heads. >> they constantly create a situation, try to blame obama. >> bill: kevin, do you think we dare say look, hold the line and if you don't raise rates on the top 2%, we're not going to make a deal? >> absolutely. hold the line. i'll gladly pay more taxes than to have some rich son of a bitch pay more. >> bill: you and me both. that's all right. i'm willing to do it. i am a patriotic millionaire. i ought to -- i should join the club. thanks, kevin for the call. >> announcer: this is the "bill press show." which was just as you say -- maybe it was starve the beast. i'll look it up during the break. going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of
is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now dividends rates where going up. are you still a big cap guy? i've been a small cap guy. i'll tell you you why. >> when did you switch? >> this is a while ago. the reason why, number one -- it's a growth story. >> do you like the natural gases play ms in small cap? >> the way we've invested, we haven't been looking at producers. we're looking at users of natural gas. i think that's been a little bit better. >> we'll hit that break at 6:50, the one that we keep -- >> let's do it. >> and write a six minute tease for that break. i'm going to have time to read the entire thing and people at the end of that tease, no one will leave before 7:00. >> because we never listen to the producers. >> the only reason people watch us i
and greece have jobless rates of more than 25%. back at home, the question of who will be the nation's top diplomat in president obama's second term continues to intersect with complaints about how the administration handled the libya terror attack. chief intelligence correspondent catherine herridge with the continuing saga of what susan rice knew and when she knew it. >> since it's classified briefing on capitol hill two weeks ago, lawmakers stressed that ambassador susan rice had asked for the unclassified intelligence on the benghazi attack, including the controversial c.i.a. talking points, as well as classified information. now leading republican in the senate tells fox that the classified information included the president's daily brief. from the 16 intelligence agencies, the top secret document including evidence of terrorist involvement. >> she had access to the full presidential daily brief. on intelligence. so she was well informed. and knew that our intelligence community felt that there were ties to al-qaeda affiliates that were involved in the attacks. >> earlier in week, dem
the games? >> well, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according theo a new c news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presume b presumably president obama has seen these polls. so if th
and i believe it's appropriate to put revenues on the table. >> let's allow higher rates to go up for the top 2%. that includes all of you, yes? >> president obama speaking to business leaders when he made that comment today at the white house. insists he will veto any bill that does not include tax increases on wealthier americans. >>> coming up an online shopping horror story, a maryland woman's story may convince you to read the fine print. >> last night we were around 60 degrees most places at this hour. tonight we're some 20 degrees colder than that. i'll let you know how low it gets overnight and if we'll see more warm air on the horizon, but get ready for a chilly overnight. the rest of the forecast is coming up on the news edge at 11:00. >> this is fox 5 news edge at 11:00.  you won't take my l life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 ye
to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk defaulting on the country's loans. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperorer. >> reporter: fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes, not by raising rates on the rich as the president has insisted. >> we're not insisting rates just out of spite, but rather because we need to raise a certain amount of revenue. >> we can't just keep borrowing money, raising taxes, and expecting the problem to go away. >> reporter: house
from kentucky talk about how obama had raised her taxes. she has gone more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive applica
that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember it's only 2%. >> geithner adds the obama administration is, quote, absolutely prepared to go off the cliff, if necessary. joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an incredibly popular position. it's important for republicans to know that the white house is not going to accept any kind of a deal. that's the point he was trying to make. i think all the leverage now is with the demo
worth having, but as a rule, the lower the rate, the better for investment, the better for job growth. in terms of medicare and medicaid, you will see for upper-income under obama-care, that has been done. if you make over $250,000, if you will pay a tax. -- you will pay a tax to fund that thing. the democrats and an enormously new program that has $600 billion of taxes over a decade that are beginning to kick in. if you go to a tanning salon, if you buy a wheelchair, there will be taxes, and if you are a high- income investor, you will already hit with taxes. host: are those of included and budget proposals? guest: we think some of these things should be open for negotiation, but we lost the election, so the president will not do a full repeal. having said that, there are areas we have worked on before, trying to get rid of 1099 forms, and democrats said that was a dumb idea, and the president signed that repeal. we will continue to work, but this thing is a backer fiscally for the country or the next decade and that will become progressively more evident. host: linda. your honor wit
. president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 15% and almost 40%. why is this a battle? guest: it is a big deal for the fight over income inequality. democrats have long targeted the capital gains tax as something that makes the tax code less regressive and increases in a quality. a lot of wealthy people make money through investments. it is a big issue for corporations and investors who feel corporations are already taxed and you're essentially putting another tax. host: who pays the capital gains tax? guest: if you buy a stock and make money, you are paying it. it tends to hit upper income earners more. anybody in the stock market will be paying that. host: if your pensions are 401(k), are you paying it? guest: it wil
and they reset the rates -- the lady from kentucky talk about how obama had raised her taxes. she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. walking in the other series about what may be affected because of the fiscal cliff. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> president obama spoke about the fiscal cliff today. later in the day, house speaker john boehner responded to the president's comments. you can both of them starting at 8:00 p.m. eastern on c-span. tomorrow came a memorial service for warren rudman who died earlier this month. we will hear remarks from vice- president joe biden and several others as t
days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress. >> everybody's is going to have to share in some sacrifice. but it starts with folks who are in the best position to sacrifice. who are in the best position to step up . just to be clear i'm not going to sign any package that somehow prevents the top rate from going up, the top 2% from going up. >> woodruff: the president phoned house speaker john boehner yesterday, their first direct talk in almost a week. but today white house spokesman jay car
geithner tells cnbc republicans have made a little progress, but the obama administration is "absolutely ready to go over the cliff if the gop doesn't agree to raise tax rates on wealthy americans." apple has lost a bit of its shine. the tech giant stock suffering its worst day in four years on thursday. several factors may have been at play. investors worried apple may be giving up ground in the tablet market to rivals, while nokia beat the company to the punch. there are also unconfirmed reports a stock clearinghouse firm is reducing the margin requirements on apple stock. apple lost $35 billion in market value yesterday. to put that into perspective, there are 417 companies listed on the s&p 500 index that have a market cap below $35 billion, so the jimmer fredet the majority of the s&p is valued at just below what apple lost yesterday. >>> a fairfax county woman will have to remove parts of her negative online review of a home contractor. the ruling was made yesterday. jane perez complained about repairs at her townhouse on yelp and angie's list. she claimed that her jewelry disappea
take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fall further, and settle at the 47 mark, exactly. we'll be right back. [ woman ] . progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your wo
's been their holy grail from day one. so they need to realize the election is over, president obama is not messing around. he's not playing chicken. he's laid down his requirements. he wants these rates on the wealthiest americans raised. there is no other way to generate any significant income through deductions or any of the other restructuring they've suggested without also impacting the middle class. so -- or letting the very wealthiest americans get out scot-free. it doesn't touch somebody who is making 10 million a year or $20 million a year. they're just trying to avoid anything that's going to raise these rates and it's a mystery when 60% at least of the american people think that's an appropriate way to help balance the deficit. >> now, speaker boehner keeps telling us that he's put revenues on the table in form of closing loopholes, but democrats have not offered anything in terms of those earned entitlements. now, i know you said earlier that these are not connected issues, but are you and your colleagues willing to give any ground in terms of cuts, say, to medicare, medi
the cliff and turnaround and they reset the rates -- the lady from kentucky talk about how obama had raised her taxes. she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on washington journal, and a look at the mortgage debt relief act, which was passed by congress in the early days of the housing crisis, and a discussion of orientation sessions for senior aides and aides of members- elect in congress. and a member of the autistic and advocacy network on being an adult with autism, and the federal role in supporting autistic adults and children. wash
! [ male announcer ] priority mail flat rate boxes. online pricing starts at $5.15. >>> i'm bret baier in washington. big story here, stern warning from president obama, to syria leaders. they confirm to fox that syria is moving chemical weapons and maybe mixing those chemical weapons. the president said tonight the u.s. -- the use of any of the weapons would be a tragic mistake and trigger unspecified consequences. we'll talk about that with the all-star panel. also tonight, the white house rejecting a republican counter offer that president obama initial plan to get the country off the fiscal cliff. we have details of what house speaker john boehner calls a bold offer. what if we jump off the cliff? we talk about the budget cliff with the ranking member vis van hollen. egypt constitutional crisis goes on. judges from the highest court say they are afraid to do the jobs. "special report" from washington with breaking news from the middle east starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> greg: last week, i went on a tour to promote my book
party established themselves as the party that was willing to let americans entire credit rating go down the tubes in order to stop barack obama last year. it's very clear that most people are going to see them as being the party that's being more obstinate. the truth of the matter is they also because they lost so badly in the election, nobody wants to be seen playing footsie with barack obama under the table which is what they're going to have to do to get this deal done. the republican party is going tond up being blamed which is one of the reasons they will have to compromise more. it's the same thing the democrats did when bush won. you have to compromise with the party that just won. jason johnson, john brabender, thank you thank you both. >>> the new york film critics have made their choices for top films and many times they end up as oscar favorites. all the details next. all the details next. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative ople are when you tell them they could save a lot of money on their car insurance by switch
in the top 2% tax rate. --wasn't ended the year deal it was an end-of-the-year deal. the obama administration was looking for the stimulus measure. they thought it would be hard for republicans to oppose a tax cuts. host: the money rigidly was going where -- the money originally was going where? guest: going to the social security trust >> we take you live now to the u.s. capitol and house speaker john boehner. >> the president has warned us about the dangers of going over the fiscal cliff. but his actions have not matched his public statements. momings of his own party seem quite comfortable on sending the economy over the fiscal cliff. two weeks ago we had a very productive conversation at the white house. based on where we stand today i would say two things. first, despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on t
to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. >> reporter: mr. obama's opening bid includes $1.6 trillion in new revenue, about half coming from higher rates for the wealthy. 600 billion in cuts to domestic programs like medicare. and 50 billion in new infrastructure spending. when treasury secretary tim geithner went to the capitol and laid out the plan for a senate republican leading mitch mcconnell, aides on both sides said mcconnell burst out in laughter. with talks now entering the final month, house republicans offer add more somber assessment. >> we're not interested in playing rope a dope. >> it was not a serious proposal. and so right now we're almost nowhere. >> reporter: so alex the clock is ticking. the president's public campaign trying to pressure john boehner, eric cantor and their charges in their house republican conference continues. he meets with governors this week here at the white house to talk about this time and more meetings with ceos, this is in the form of the bus
. president obama had a specific proposal to raise the rates to the clinton-era rates on the top 2%. there was a majority of republicans on exit polls who agreed with that. second, on the $1.1 trillion in entitlement cuts, that's really a bad idea. because what he's doing that is approaching by slashing benefits rather than reforming the system. i'll give you an example. we have to save money in health care not just in medicare but health care but we pay more, more than most countries, and we get less. here's an example of a reform. right now in medicare, when we buy prescription drugs, we buy wholesale but we pay retail and the law requires us to pay retail. whereas in the v.a., in medicaid, we do price discounts when we're purchasing. if we did that in medicare that would save us $160 billion a year. so what i'd like to see is us save money on health care. we need to do that. but it's got to be through system reform. host: can you save enough money through system reform without looking at benefits? guest: you know, you got to start there, because you really don't want to be sayin
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